Five things you need to know about Qnups
10 Jul 17
For years, qualifying non-UK pension schemes (Qnups) have been seen as a niche product relegated to the realms of ‘aggressive tax planning’, says Martin Hall, director of Isle of Man-based pension provider Optimus. Here he reveals five reasons why it’s time for advisers to re-evaluate their position.
2. Capital gains
The capital gains treatment, too, is the same as any other overseas trust with the exception of an additional piece of legislative protection that also exempts it from the non-resident CGT charge.
And, without getting too technical, that same exemption is also available to UK registered pension schemes, which are hardly the most venomous of tax structures as far as HMRC is concerned.
